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Hannity

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United States 17, Herman Cain 15, Us 15, Israel 8, America 8, Michelle Bachmann 6, Libya 6, Carfax 5, Pillsbury 5, Iowa 5, New Hampshire 3, Hannity 3, Jon Stewart 3, Nevada 3, Egypt 3, South Carolina 3, Obama 3, Iran 3, Barack Obama 2, Minnesota 2,
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  FOX News    Hannity    News/Business.  (2011)  

    July 2, 2011
    12:00 - 1:00am EDT  

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that is it for us tonight thank you for watching this special edition of the factor. i'm bill o'reilly stops here because we are definitely looking out for you. closed captioning by closed captioning services, inc. >> sean: tonight on a special edition we continue the hannity primary. we are giving the candidates each a half hour to layout their views. later, you are going to hear from herman cain the businessman shaking up the race. even though he has no political experience he's going to tell us his background. first, one of the latest candidates to officially declare is minnesota's michelle bachmann. >> i stand here in the midst of many friends and many family members to announce formally, my candidacy for president of the united states. i want my candidacy for the
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presidency of the united states to stand for a moment when we the people, stand once again for the independence from a government that has gotten too big and spends too much and has taken away too much of our liberties. >> sean: why did you get into politics? when did you get involved? >> i got involved in 1998. my husband and i had five biological children also raising 23 foster children. >> sean: what was the most you had in the house at one time? >> we had nine kids in the house. >> sean: we have two kids. 23 foster kids. >> yeah. it was a great thing. we enjoyed doing it. i have a wonderful husband we've been married 33 years. we were doing care. i had been a united states tax litigation attorney. we started our own business.
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i was home fulltime taking care of these kids. i was surprised what i was seeing coming home in the backpack. we put our kids in private christian school, we home schooled. the state would not allow our foster children to attend private school. >> sean: why? >> it is what the law was. i saw a big different. i thought if anyone needed a leg up it was our foster children. i started getting involved in education reform in 1998. as a result, people urged me to run for the minnesota state senate. i did i was there for six years. >> sean: what year? >> i was in the minnesota state senate from 2000 to 2006 in 2006 i was urged to run for congress, i did. and i've been here ever since. >> sean: why would you want to be president? >> i want to see us take our country back. i know that we can be so much better than we are today. i feel strongly about that. i want to be able to take my background, expertise and make the decisions that have to be
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done. we need a president who understands the times that we live in. who can correctly diagnose the problems. who can apply the right solution. someone who has the courage to carry it out. we need a fighter, right now to fight against the political establishment. that is really what the problem is. that's what my whole life and history has been about. fighting against the establishment. >> sean: what would separate you from all of these other candidates? >> what separates me is the fact that i have a proven track record of being a fighter. fewing for what people believe in whether it is popular or not. despite the opposition, i stand true. people know that i will do what i say. and i say what i do. and i don't just test waters in the sense of putting my finger up in the air to see if something is politically correct or not. i do it based upon principle. and i'm a reformer. anyone who knows me, i'm a practical person. i'm solution-focused. i think that's what i want to
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bring to bear. we need that. >> sean: why do you think you have become such a lightning rod? governor palin obviously has become a lightning rod. certain people, donald trump has become the focus of attacks. over the last couple of years in particular, i used to refer to you as the second most hated republican woman in the country. you said no -- or the second most loved. i stood corrected. what do you think it is? why does venom -- recently you were giving a speech, you made a mistake about history. and the media just pounced on you. >> i think part of that is because they are nervous and worried that maybe she will catch on. maybe she will be the nominee. of course, i think we all know, no secret, a lot of people in the press have been rooting for barack obama all these years. they want to take anyone they might see would be a formidable competitor and take them out of the equation. i don't square easy.
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>> sean: do you think this is what it is about? you raised more money than any member of congress in the history of congress. >> right. thanks to a lot of beautiful, generous people who gave an average donation of $45 or less. people believed in me, because i wasn't spinning they will. i was telling people the truth. people wanted a fighter. somebody who would stand up for them. >> sean: do you think congress today is not living up to the promise of a fight that they gave in the 2010 election? do you think they are doing enough in terms of battling back the obama agenda? >> my opinion has been no. we can do more than what we have done so far. i believe that people are with us. i know they are with us. if you look at the rasmussen polling the time obamacare passed march 23rd, 2010, until today today, there hasn't been one week that less than a majority of americans have wanted to see us get rid of
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that awful government take over of health care. seniors know why. president obama took 500 billion out of medicare in order to put pit in obamacare that's not going to -- to do any good for seniors. we need to fight for them and liberty in health care and people know we won't get that with obamacare. >> sean: you stood alone with maybe two that i can think of in congress saying. wait a minute we found that they prefunded obama care. >> right by 105 billion dollars. >> sean: you wanted the leadership to fight, they didn't agree with you? >> i believe in was a battle we could win. because we've already presold this to the american people. they want us to fight this fight. i believe we can fin it. i think our best chance was on the 2011 budget. i was a tackle decision i believe we could have made. i think -- tactical decision i believe we could have made. >> sean: the ryan's budget it has to be passed and b a year
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later. you are saying a lot of that money would be spent. >> 23 billion so far has been spent. it is not a small amount. there will be a lot more that will be spent. it to set-up and establish private exchange in the various states. florida and alaska said thanks but no thanks. we don't want to set-up these private exchanges. iowa now is rejecting it. i'm encouraging every state legislature to say no. the private exchanges will be taken over by the federal government. they will be running the show. whatever the state laws are will effectively be overruled by the federal government in health care. >> sean: you have been finding yourself at odds with the ran leadership. i think 58 was the number -- >> 58 or 59. >> sean: that did not go along with the deal at the last minute with john boehner and
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the president. we originally were told it was 38.5 billion. a lot of people said that is not enough. then we found it was far less. was that a bad dale? >> well in my opinion, i thought we -- could have gotten better. i believe we should go public and go to the wall to be able to defunding of obamacare. >> sean: this is not making you popular with some members of congress. >> maybe not necessarily. all i know is what i talk to people about across the country. that's what they said they sent us to do. i realize politics is the art of the possible. i get that. you can't get everything you want. we need to fight. that's what we have to do. >> sean: is that missing? mike pence said the same thing. i wanted to see them fight and fight harder. i think there was a moment that maybe the fear of being blamed for government shutdown got in the way and kind of
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took that spark they may have needed in that debate. >> all i know sean, the united states history will change forever if the government takes over and runs health care. i've said it to you before. socialized medicine is the crown jewel of socialism. >> sean: they got it. >> and they got it, that's right. as you and i are having this conversation they are in the process of implementing it in nearly every state in the country. do we want to change the arc of history or just go along? i want the country to turn around. i want to see us get it back. we won't if we are nibbling around the edges. we will if we change the arch of history by defunding obama care, turning down cap and trade and changing the fda so we can approve medicines again in this country. if we can do some of those things we can start making things in america again that's the problem. we're not making anything in this country any more.
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maybe too broad of a statement, we are. but we have to get manufacturing back. we have to get job creation back. we aren't doing it. >> sean: much more with michelle bachmann straight ahead. also her take on how to fix social security and medicare. what to do about the debt ceiling that america is about to smash into. later herman cain tells us why america should elect a president who has never held office before. the hannity primaries continue. host: could switchingo really save you 15% or more on car insurance? host: do people use smartphones to do dumb things?
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if cialis for daily use is right for you. r a 30-tablet free trial offer, go to cialis.com. >> sean: we 10 with congresswoman michelle bachmann. -- 14 twill beyond in debt. 1.65 trillion dollar deficit every year. how can you turn this around quickly? i don't think this is going to be solved in any short period of time. >> the thing is what we are lacking is the political will. we need somebody who is willing to have the political will to do what has to be done. if this was your family or business, i'll tell you what you do. cut up your credit card. stop spending. sell the boat. sell the vacation home. sell the extra car and stoop -- stop borrowing money and start paying down debt. that's what the federal government should have been doing 20 years ago.
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you stop the damage. you stop borrowing money as quickly as you can. and you start prioritizing spending. >> sean: will you vote to raise the debt ceiling? >> right now i can't. again, the first thing that we have to do is let everyone know that we will in no way damage the full faith and credit of the united states. which means we will pay every debt we have and all of our interest payments. that needs to be number one. from there, we need to be serious to explain to the american people, if we do that, this is how much money we have left this is what we can pay for this is what we can't pay for. >> sean: entitlements? >> we have to save them, secure them. right now, they are on a direct collision course. >> sean: how do you save them? >> we have to let people know that right now speaker pelosi is not telling the truth, she is lying to them. i think -- >> sean: former speaker.
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>> former speaker pelosi. >> sean: you want to promote her again. >> not me. we need to call the current plan we are looking at the underoç 55 plan. no one has any changes over 55. this is key the republicans need to communicate clearly that we are not going to be taking any one's medicare away. that is not going to happen. barack obama, will. how will he do that? he's already taken 500 billion away from medicare to fund obama care that's president obama's problem. >> sean: do you support means testing, and raising the retirement age for social security? >> i support not letting medicare crash and burn. that's the current course it is on. >> sean: what about means testing for social security? in other words, you made enough, you've been successful, you paid in your whole life you are either going to get a smaller amount than promised or nothing. >> i support what fdr said when social security was
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created. he created social security so a person's life expectancy was 63 years of age and they would get their first check at age 63. he wasn't intending that few, if any would receive that benefit. now that has changed for people. what i support is putting a reality test and a means test a lot of people don't know what that means. a reality test means let's make social security work. work so we are not robbing from the younger generation. but also not leaving seniors in the lurch. >> sean: the usual argument is raise the retirement age and means test it. most people know what that means. do you support those two things? how else do you get this thing in budget. they were supposed to put it in a pwgs. they put it in the general fund and -- in a lock box. they were were supposed to put it in a general fund and spent
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the money. >> moths fly out the only thing in there is a stack of paper that says iou, coming from our children's future paychecks and my paycheck today and yours. >> sean: what means test, raising the retirement age? >> all are elements we need to look at. we need to have a frank discussion with where social security is at. i have a post doctorate degree in tax law. we had a baby born in 1987. i was worried about what the burden would be. at that time experts were saying babies born in '87 would be looking at 25% of their income in their peak earning years going just to satisfy social security, let an money medicare. let alone the federal government portion of their paycheck. let alone state or local taxes. you could be looking at 75% of that generation's income going to pay for taxes. we can't do that. no generation has ever paid that much money for tax.
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>> sean: last question on budget then we move to foreign policy. how long would it take, if you become president, to get a balanced budget and how long? >> it depends on the composition of the senate and house. my gel is to see a triple crown win. to see the household on to the conservatives hold on the house. and run up to 60 conservatives in the senate that would be dreamteam. when the -- and then win the white house. if we could do that i believe in the first quarter we could make changes that would change the trajectory so that businesses would see and need an opportunity to invest in the united states. you did that by dramatically changing spending. changing the tax structure for an investment oriented economy to be based on innovation so we would make things here in the united states again. i'm excited about it. i'm very excited. >> sean: it would take both houses and a republican president? >> yes. but if it want a perfect
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scenario, i think a president could do a lot by being a free market oriented president. one that believes in success and not punishing people in this country who are able to find success. >> sean: coming up, michelle bachmann lays out what the foreign policy of a bachmann administration would look like. then, herman cain explains his controversial comments about a loyalty test for muslims who want to be part of his team. that and more coming up straight ahead on the hannity primary. "hey wrinkle face!" that's what people could say if you're still using a liquid foundation that can settle into your lines and wrinkles and make you look older. covergirl and olay floats above lines and makes you look younger. can your anti-aging makeup do that? simply ageless from olay and easy, breezy beautiful, covergirl. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked,
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>> sean: welcome back. still to come herman cain. first the final installment of my interview with congresswoman michelle bachmann. how would you grade barack obama on foreign policy? we talked specifically about his chick policy record, debt, deficits. -- if you had to give him a grade what would it be? >> an abject failure. he has not only weakened us, he has set in motion events that could mean for very disastrous consequences. let me give you a few. we are seeing the stretch of iran's influence in the very
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unstable region of the mideast in a greater way than we've ever seen before. iran is already a friend of syria, we know that. they've already had a strong presence in lebanon with hezbollah. our greatest ally in the arab world was mubarak in egypt. president obama sat on his hands when our ally needed american people -- needed american help. barack obama chose not to help him. what has happened since? now we see iran coming in to be egypt's best friend. for 30 years egypt did not have diplomatic relations with iran. they had open relations with israel, more so than any other arab nation. now we are seeing the door slam on israel's face. the doors opening on iran's face. we are seeing the rise of the muslim brotherhood in egypt. this is not a good thing. now libya. this is worst than what we had seen before. secretary of defense gates said of libya that gadhafi had
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not attacked the united states nor posed a threat to the united states. he also said there is no vital national u.s. interest in libya. he said he didn't know what the united states military gel or objective would be. worse, we don't know who the opposition forces are in libya. what does that mean? the only evidence we've seen is that al-qaeda of north africa may have a presence as well as hezbollah. what if we are in the process of helping al-qaeda of north africa gain six to -- >> sean: our state department said it. our state department said there was al-qaeda in the rebel forces. >> the united kingdom has said the same. if they gain not only a toe hold in libya, but access to the -- oil revenues think of what that would mean. what possible vital national interest could we have to have al-qaeda of north africa have a sustainable source of oil revenues to fund worldwide global terror that's what i think the foolishness is of
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barack obama's -- >> sean: two things that you are talking about. now the muslim brotherhood which said at the beginning when everyone was in taher square get prepared for war with israel. now has aligned with the military. now getting closer ties to iran. in libya, you have muammar gadhafi who the president of the united states said must go. still in power. >> who would be the new power? >> sean: al-qaeda. >> we've already heard this is from open source documents, al-qaeda is saying take advantage of the instability in the mideast, move in, now is the time. israel is at greater risk now than in any time in our lifetime. >> sean: what is the greatest biggest national security threat facing the united states of america today? >> according to admiral mullen it would be the national debt. the greatest national security threat is a nuclearized iran. we know what iran's intentions are.
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iran is seeking to be the dominant party in the middle east region. they are doing a good job right now i would say of extending their sphere of influence this is frightening. we know they could be close to being a nuclearized nation. if that is the case we have a well stated position, the destruct of israel and me -- destruction of israel. and ultimately the destruction of the united states. barack obama was able to find, one area he would be willing to cut, missile defense. he said to the poles and czechs we will not be building missile defense capability in those two nations if you take away that first round of missile defense and perhaps weaken or take away a second round of missile defense, there's usually three levels. then we find the united states very vulnerable for nuclear act fast. >> sean: do you think it is so severe a threat that the united states, like israel needs to consider taking out
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these nuclear facilities in short order? we are told it could be within the year they might be able to develop nuclear weapons. is this something for a long termination al security interest that needs to be done, one way or the other? >> the situation now has been highly complicated. because of what the president has done. it wouldn't be what it was years ago, when this happened. when we were -- when there was efforts taken to take another facility out this is a very different situation now. it isn't just one location. we could be looking at multiple locations. they aren't necessarily out in plain sight. there's a number of areas where we need to be very serious and very aggressive. iran as a nuclearized power is not god for the world. ly not for israel or the united states. >> sean: is that a bigger threat than radical islam, terrorism? >> they are one in the same. that's the issue now.
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there's a potential for supposedly for democratization in the mideast. the greater likelihood i fear is we could be looking at sharia-compliant terrorism, getting the dominant position. >> sean: specifically, is that as big a threat, do you think they are preparing, launching, plotting, scheming, to once again attack the united states? will they launch it from there are you concerned about the domestic islamic threat that may exist already? >> it is here already. >> sean: michael chertoff said he had no doubt there were islamic terrorists in the united states and there were cells here today. j we know that. there's a direct link to both. look at major hasan. tied to radicalized clerics, he was the fort hood massacre. we've seen other instances in the united states. right here in new york city we've seen that with the time
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square bomber. there are other efforts underway many recently, the fbi foiled something in dallas, texas. this is all open sourced documents. yes, we know there's a radicalized element here in the united states as well. and we have to take the threat seriously. here's the other thing. we have to takeoff politically -- political correct glasses as we are looking at this situation. we have to call it for what it is. it is sharia-compliant terrorism. we need to root it out, not only in the united states. but we need to call it for what it is, in the middle east at well. >> sean: he's never held public office before and doesn't have much money in his campaign war chest. herman cain says he has what it talks to defeat anointed one. he
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♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪
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♪ hah
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>> sean: welcome back to this special edition of hannity. we just heard from congresswoman michelle bachmann. now it is the former ceo of godfather's pizza, herman cain to tell us why he thinks he's the byrne person to take -- the best person to take on the president. how is it going? >> our strategy has been to develop a strong game. you got high name id, a lot of money and you've held public
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office before. our approach has been, i don't have either one of those. let's go out and meet the people. talk to the people. share those common sense ideas that i've been talking about, about how we solve problems in this country. it has been resonating with people. the second thing that is resonating with people, which is why i believe i'm now performing as well as i am, in terms of the polls, my problem-solving background. people want problems solved. not kicked down the road. i think that's resonating. i believe that's why many people are respond to me, and though i did start with the war -- i didn't start with the war chest. i didn't start with high name id. i think based upon the reaction from people around the country, more and more people are ready for someone different in the white house, with a business background as a problem solver not just another politician. >> sean: you just ran into bob beckel and he says, where did
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you come from? >> and my answer was my momma. if he's talking about the polls, where i came from was getting out there and doing old fashioned retail politics. >> sean: where did obama come from? that's my question back to him. you've never held office before. >> yes. >> sean: you say -- >> i say most of the people in washington, d.c. have. how is that working out for us? >> sean: which is a great line. >> debt crisis, economy is stuck, stalled. we are in these wars and we don't have any idea what victory looks like. you are going to tell me that having previous office holding experience is a good thing? i don't think so. >> sean: for those who don't know you can give a by fog if i of yourself. you were -- give a biography of self. you were ceo of godfather's
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pizza. >> let's go back to when i went to pillsbury. i worked at the company and climbed the corporate ladder before it was cool for a black guy to be vice president. i became vice president at the pillsbury company. they gave me a complex, difficult problem to solve, and i solved it. >> sean: what was the problem? >> they had a world headquarters project trying to move people from nine locations around the twin cities into the headquarters bidding. i had to manage the completion of the headquarters and manage new computer data center, manage the acquisition of a new computer and the integration of green giant with the consumer products division. when i took over the project i was behind schedule and overbudget. we finished ahead of schedule and below budget. i was a complex problem. i was able to put together a team and we solved it. then i to burger king.
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i was an -- then i went to burger king. i was assigned the worst region, in terms of growth in profits, sales, morale. in 3 1/2 years the region was the best in everything. i'm a problem solver. when i to godfather's it was supposed to go bankrupt. pillsbury had decided they were going to write it off, but i didn't get the memo. and the people in the company didn't get the memo. what did i do? what is the right problem? surround myself with good people. put together the right plans to fix the problem and we did. to this day godfather's has not gone bankrupt. the skills that i used to solve problems, including when i was fulltime and ceo and president of the national restaurant association, those skills, i believe are applicable, leading this nation. that's why i believe people are responding. >> sean: if you look at
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obama's background, i've looked at it exhaust actively, extensively, before the election -- and during his presidency. one of the biggest problems i see, hung out with radicals. has extreme views. not that i can see, ever met a payroll. i have, you have. in my much smaller way. i was never the vice president of pillsbury. my own way it taught me so much when people were dependent on me to keep my business running, because they had mortgages to pay. i was a young kid. i still had to live up to my side of the bargain. what is the difference? based on his lack of business experience? >> no. and here's why. leaders, first of all, they know how to listen. they know how to ask the right questions. if you've never been in a situation where you had to create jobs, lead a business
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or challenge your advisers, you don't know the right questions to ask. this is why the president's economic policies have failed. he had five people that he trusted in that made up his senior economic advisory team. the only one that is left is tim geithner. >> sean: the tax cheat. >> right the tax cheat. that is the only one that is left. leaders know how to listen and ask the right questions in order to get to the right plan. analyze him his rigid ideology gets in the way of his ability to ask questions? maybe he doesn't want to hear the right answers. then he surrounded himself t=z)speople who agree with >> you are right. not only is his rigid ideology, which is government is better, bigger. has done. it is also not having any real life practical experience running anything. that's how you learn how to
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ask those right questions. and that's how you learn how to challenge the people that are giving you this advice so you can put together the right plans. herman cain. he knows he's the underdog in the race. but promises he will soon become a front-runner. his strategy, coming up on his strategy, coming up on challenge that with olay regenerist night elixir. its gentle glycolic formula resurfaces at night for the smooth skin of a light chemical peel. sleep ght. regenerist, from olay.
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herman cain. -- godfather's pizza. herman cain. the polls have you pretty much in third place. then there's a group behind you that is creeping up. a group above that has a good margin on you. what is your plan? how do you get from where you are today to the top of the heap, win the iowa caucus, win the new hampshire primary, win in south carolina, win in nevada? how are you going to pull that off? >> first thing is stay away from bob beckel. after that i do that -- he would drag my name id down. >> sean: immediately. drags mine down and i'm not running. >> first, two things that you don't hear talked about when they report on the fact i'm in third place. if you put together all of the polls that have been done i'm still in third place behind one person that is not even running. one of the gallup polls called positive intensity has had me
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consistently in first place. >> sean: i did see that. in terms of the intensity of your supporters. >> and the way they calculate that is, how many people strongly favor herman cain? they somebody track out the people who strongly do not -- and they subtract out the people who strongly do not support herman cain. i have a substantially lead on everybody. that says not only am i like able but my message is resonating. >> sean: i've known you for years. i've always none you are likeable. >> another critical point that is part of our strategy and why we are excited about coming in third. if you look at the story that has been out about romney and bachmann being tied in iowa, fine that's the story. here's the story that is not being told. they have twice the name id of herman cain. that simply says, if you put positive intensity, plus low
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name. --. and the more i do, i can only get better. >> sean: how do you do old fashioned retail politic in a presidential campaign? you can't shake everybody in iowa's hand, you can try. you can shake everybody's hand in new hampshire and south carolina. if you can pull that off you ought to be president of the world. you gotta raise money. >> let's go back to the first question first. i didn't just start shaking hands and visiting iowa january 1st or 15th, when i announced my exploratory. i have been visiting iowa, new hampshire, florida, texas, louisiana, nevada, different parts of georgia, south carolina, since last august. not necessarily kicking the tires to see if i wanted to run for president. i was visiting all of these states to find out what is on the hearts and minds of the american people? buy the same i got around to
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declaring my exploratory committee, a lot of people that i had already touched, they go wow, i like this guy! it is not like i just started. the other aspect is, april 15th, 2009, i gave my first tea party speech in las vegas, nevada. were you in atlanta, i was in have as go. they were expecting 600 people. they ended up with 2600 people i was one of the speakers. i was speaking at the tea party before it was cool. it is not like i just burst on to the scene. i burst on to the scene for many of the mainstream media but not for a lot of the grassroots people out there. >> sean: when did you make that decision? was it then did it first pop into your mind i might want to challenge barack obama? >> first time that i thought about running for president was the day he signed the health care deform legislation
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on march 23rd, . i knew then that this president had one of the most arrogant disregards for the american people that i had ever seen in my lifetime. and that arrogant disregard was based upon the fact that polls had shown that the person people did not want this solution. many of the american people figured out, we don't have a health care crisis in america. we have a health care cost crisis in america. secondly, there are patient-centered market driven ways to bring down the cost of health care and health insurance as well as increase accessibility. in fact, legislation was introduce today in 2009 that the democrats ignored. it was an arrogant disregard for the will of the people. secondly, arrogant disregard on the part of this president for the business sector. the business sector is the engine that will drive this economy.
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and he's shown this disdain for the business sector. >> sean: they used stimulus 4 1/2 trillion in new obama debt. unemployment record highs. we don't even con a lot of people that are still unemployed. the economy is a mess. we've got to deal with entitlements. the president has been ignoring it. how do you get to a balanced budget? how long is it going to take herman can if you are president? >> wednesday i'm going to be -- coming soon, i'm going to be announcing the fact that i call it the cain's economic vision that's what a real plan needs vision as well as specifics. in the first phase of my economic booster plan i'm not going to use the word stimulus it has become a bad wore. first phase proposing to congress. -- they have to send me legislation. lowering the top corporate tax rate to a maximum of 25%. it happens to coincide with what is in the ryan's plan
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which i totally agree with. but he and i didn't collaborate on that we are the only country in the world who has not lowered our corporate tax rate in 15 years. take capital gains to zero. i didn't say shave, reduce, compromise to a number to make the democrats happy, no take it zero. capital gains is a wall between people with money and people with ideas. what do people with ideas need? money what do they do with it? they start new businesses that's where many of the jobs come from. thirdly, repatriated profits. suspend taxes on repatriated profits. do those three things. here's the bow around the package, permanently, uncertainy is killing this economy. and it will continue to kill this economy because right now, i have businessmen all the time telling me, i would grow, but i don't know what the taxes are going to be. we don't know.
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>> sean: you also support a flat tax. across the board flat tax, no income tax, no irs. >> no irs. >> sean: ever? >> consumption tax, national sales tax. that would be phase two of my economic booster plan. which would super charge this economy. here's one of the most attractive features. the demagogues are going try and lie about it and say it won't work. it takes the decision for how much taxes you pay from the government to the individual based upon your -- >> sean: the rate. >> the rate that's in the legislation right now hr-25 is 23%. that being said, let me say this, it replaces all of your federal income tax deductions. it replaces your fica tax deduction. it collects the same amount we are collecting today.
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>> sean: you say it is revenue neutral. you don't pay any income tax, you don't pay social security tax, but if you buy a car you pay 23% taxes. what if you buy a house? >> new house, you pay taxes. used house, you don't pay taxes. >> sean: nothing. >> nothing. >> sean: would would anybody want to buy a new house? >> just like they want to buy new clothes, new shoes and new cars. when you reach that point in your economic life you are going to want to buy some new stuff. the other thing is, sooner or later the used stuff is going to be used up, there won't be any more inventory. here's one of the other most important things. with the national sales tax which is the national consumption tax, no more irs, no more spending money to tile for compliance. we spend, -- to file for compliance. we 430 billions trial to fill out the forms and stay out of
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jail. we are going to raise the same amount of revenue. >> sean: next, herman cain lays out what his foreign policy would be. i'll ask him if he's serious about having a littley test for muslims who would want to [ male announcer ] do you know how you will react when someone changes lanes without warning? or when you're distracted? when you're falling aeep at the wheel? do you know how you'll react? lexus can now precisely test the most unpredictable variable in a car -- the driver. when you pursue perfection, you don't just engineer the world's most advanced driving simulator. you engineer amazing. ♪
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>> sean: welcome back. here's the final installment of my interview with herman cain. foreign policy. >> yes. >> sean: you have a wonderful background on economics. >> right. >> sean: pillsbury, burger king, godfather, great success stories. you have outlined your plan for the economy. does the issue of foreign policy and your history and your background, what foreign policy experience do you have? >> first, foreign policy is more than bombs and bullets. it is about bombs, bullets and business. our friends they have an interest in being friends with us if there's also a bombs, bullets and business component. it is not just about bombs and bullets. now, because of my experience serving on several corporate international companies, i have visited many countries.
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and there has to be a business component or a business incentive in order to develop a good relationship with a company. secondly, you don't have to have had foreign policy experience in order to know who your friends are and who your enemies are. >> sean: or common sense. >> it is called common sense. look at what is happening with pakistan. there are questions about whether or not pakistan is really our friend or our foe. the second thing about foreign policy experience, you do not have to have had extensive foreign policy experience to know how to listen to the experts. president obama just announced his withdrawal plan from afghanistan. he didn't listen to general petraeus. he didn't listen to admiral mullen. they have again on record as saying it was more aggressive than they thought. common sense says, you don't reduce your force by a third and announce it to your enemy
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in order to fulfill some political promise. what kind of foreign experience do you need to listen to your experts in order to be able to make the right decision? >> sean: you came under fire early in the campaign. i never saw you mad before. you got sick and tired of answering the question about muslims in your administration. >> yes. >> sean: a reporter asked you again and you off on him a little. tell us your real position and what happened? >> throughout my business career i've always hired the best people, irrespective of race, irrespective of relidge john of sexual orientation, irrespective of ethnicity. i've always done that. i have an a record of that. i've never not hired somebody based on some discriminatory factor. what i've asked is are you commit today the mission of the company? in this case are you committed to the mission of the united states of america? which is to uphold the constitution. if they can give me an own on
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that and -- give me an answer on that and i believe them, i don't have a problem with that muslim religion. the question was are you comfortable hiring muslims in our administration? not just off-the-cuff. i said no i am not. i said it does not moon i would not have muslims in my administration. i was coming from the fact that i firmly believe american laws for american courts. if you look at what happened in europe, you will see that over time, little by little, by little, they were able to get sharia law into the european courts. i don't think that is to happen here in the united states of america. secondly, when i heard prime minister netanyahu give a speech, january following 9/11, 2001, something stuck in my mind that i never forgot. that was one of the things that inspired know answer
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cautiously, not necessarily. >> sean: what was that? >> he said there are two things that the american people need to learn about terrorism and terrorists: number one, it going to last a long time. and number two, they want to kill all of us. >> sean: he's right. >> he's absolutely right. now, here's my point, i respect and admire the peaceful muslims in this country. and they are free to exercise their religion like all of us exercise our religion. but i have a right and the american people have a right to draw the line and say, i'm gonna be cautious. because i do not want sharia law in our courts. american laws for american courts. >> sean: look, you in the public eye now. jon stewart recently took a pretty big shot at you. he was asked about it on chris
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wallace's show. you finally got a chance to see that. >> right, i did. >> sean: you had some harsh words for him. this is the same guy who has a rally to restore sanity and invites cat stevens who supported a fatwa on salman rushdie. that's the definition of sandy count me in the insane category. >> right. >> sean: he had harsh words mocking, i think if any conservative had done anything similar to an african-american, i think they would be fired. >> first of all, i don't believe jon stewart is a racist. he's a comedian. and he admits that. what jon stewart does have a problem with, is that herman cain is an american black conservative. you see, i left the democrat plantation a long time ago. whenever people get a chance to try to whip me back on to the plantation, and i won't go, th

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